4 Lovegrove Crescent, Otara, Manukau City, Auckland Affordable, fee-simple and high yielding
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Available PropertyFiles:
- Deed of easement.zip
- Information Memorandum.zip
- LIM Report.zip
- Lease documentation.zip
- Property File.zip
- Record of Title.zip
Property Description
• Dual frontage with great access• Strong lease with fixed annual rental growth
• Close proximity to State Highway 1 being 1km away
• Super affordable price point not to be overlooked
This standalone industrial property sits on a generous, fee simple land holding of 567sqm with dual street frontage and multiple access points. The block building and canopy provide a useable building with access via multiple roller doors. Combined, these factors make for a sought-after industrial offering.
Invest with confidence, the new five-year lease provides $65,000pa net + GST income with fixed annual growth and a cash bond providing extra security. Location is key here, being situated only 1km to the State Highway 1 on/off ramps, 18.7km to the Ports of Auckland, and 11.4km to Auckland Airport.
An industrial investment opportunity that is high yielding, standalone, and super affordable is a true rarity in the market. Call now to register your interest.
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Terms of Supply
The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
Contact Tim Bull
Bayleys Real Estate Limited
Licensed under the REA Act 2008
09 273 6666 021 127 1831 tim.bull@bayleys.co.nz All Listings
Contact Sunil Bhana
Bayleys Real Estate Limited
Licensed under the REA Act 2008
09 375 8438 021 938 660 sunil.bhana@bayleys.co.nz All Listings
In 2017 Sunil was promoted to the role of managing Bayleys Central and West Auckland Industrial Sales and Leasing Team, a high performing, experienced, group who work together in a collaborative environment to ensure the best client outcomes are achieved.
Sunil joined Bayleys in 2001 having completed a Bachelor of Commerce and a Bachelor of Property at the University of Auckland. Initially focussing on the industrial sales and leasing market in Penrose and Mt Wellington, Sunil established an excellent grounding operating in both buoyant and difficult markets and learning the skills required to bring a deal together.
As a senior broker, Sunil has continued to service the Auckland Industrial market as well as completing other commercial, industrial and special projects throughout New Zealand working in conjunction with Bayleys National network of agents.
Sunil’s personable approach and hard working attitude has lead the conclusion of a significant number of transactions in leasing, vacant, investment and land sales. Sunil is motivated and results oriented, and provides a professional approach to property marketing, possessing the attention to detail essential to the smooth running of a marketing campaign.
Sunil has been awarded Bayleys’ Staff Recognition and Ian McHardy Recognition Awards in acknowledgement of his contribution and commitment to the Bayleys Company and has consistently featured amongst Bayleys top performing agents, regularly positioned in the top 10% of Bayleys Salespeople nationally.
